SunTrust Banks Inc. upgraded shares of Circor International Inc. (NYSE:CIR) from a reduce rating to a hold rating in a report released on Friday morning. SunTrust Banks Inc. currently has $55.00 target price on the stock, up from their prior target price of $46.00.
Other equities research analysts have also recently issued research reports about the stock. Stifel Nicolaus cut their price objective on shares of Circor International from $68.00 to $61.00 and set a buy rating for the company in a research note on Monday, August 1st. Zacks Investment Research raised shares of Circor International from a sell rating to a hold rating in a research report on Tuesday, August 2nd. Finally, KeyCorp started coverage on shares of Circor International in a research report on Tuesday, September 20th. They set a sector weight rating for the company. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $55.20.
Circor International (NYSE:CIR) opened at 54.76 on Friday. Circor International has a one year low of $32.79 and a one year high of $62.87. The firm has a market capitalization of $899.32 million, a PE ratio of 135.21 and a beta of 1.39. The stock’s 50 day moving average is $56.08 and its 200-day moving average is $56.02.
Circor International (NYSE:CIR) last announced its quarterly earnings data on Friday, July 29th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.07. Circor International had a net margin of 1.09% and a return on equity of 9.45%. The company earned $146.40 million during the quarter, compared to analysts’ expectations of $144.01 million. During the same quarter in the prior year, the company earned $0.55 EPS. The firm’s revenue was down 12.3% on a year-over-year basis. On average, analysts anticipate that Circor International will post $2.19 EPS for the current fiscal year.
In related news, Director Douglas M. Hayes sold 3,000 shares of the business’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $61.17, for a total value of $183,510.00. Following the sale, the director now owns 14,556 shares in the company, valued at $890,390.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in CIR. PineBridge Investments L.P. boosted its stake in shares of Circor International by 7.5% in the second quarter. PineBridge Investments L.P. now owns 2,083 shares of the company’s stock valued at $119,000 after buying an additional 146 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Circor International by 2.4% in the second quarter. Arizona State Retirement System now owns 8,538 shares of the company’s stock valued at $487,000 after buying an additional 200 shares in the last quarter. California Public Employees Retirement System boosted its stake in shares of Circor International by 2.1% in the second quarter. California Public Employees Retirement System now owns 19,300 shares of the company’s stock valued at $1,100,000 after buying an additional 400 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Circor International by 0.9% in the first quarter. TIAA CREF Investment Management LLC now owns 56,405 shares of the company’s stock valued at $2,617,000 after buying an additional 506 shares in the last quarter. Finally, Teachers Advisors Inc. boosted its stake in shares of Circor International by 2.5% in the second quarter. Teachers Advisors Inc. now owns 25,986 shares of the company’s stock valued at $1,481,000 after buying an additional 638 shares in the last quarter.
Circor International Company Profile
CIRCOR International, Inc (CIRCOR) designs, manufactures and markets engineered products and sub-systems, which are used in the oil and gas, power generation, aerospace, defense and other industrial markets. The Company operates through two segments: CIRCOR Energy (Energy), and CIRCOR Aerospace & Defense (Aerospace & Defense).
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